UnionPay is an international card association same as Visa, MasterCard and American Express. Apart from credit cards, UnionPay also issues prepaid cards and debit cards.
One of the main features of UnionPay cards is “0% foreign currency transaction fee” ( other credit cards usually charge around 2% ) that allows cardholders to shop oversea without extra cost. Besides, UnionPay dual currency credit cards can separate HKD and CNY transactions by offering two accounts in one card so that cardholders can enjoy flexible payment.
UnionPay credit cards issued in Hong Kong can be classified into 4 levels: classic card, gold card, platinum card and diamond card, while diamond card is the most premium one.
Cardholders of UnionPay Diamond Card can enjoy free access to Plaza Premium lounge up to 3 times a year and other exclusive offers, such as hotel dining discounts and movie ticket buy 1 get 1 free. Applicants with a minimum annual salary of HK$150,000 are able to apply.